ICAI Revises syllabus of selected papers of Intermediate and Final Courses

Posted: 01 Aug 2013 07:58 PM PDT
Revision of syllabus of Group – I – Paper- 4 - Taxation – Part – II and Group – II – Paper – 7 - Section A: Information Technology of Intermediate (IPC) Course; and Group – II – Paper – 6 Information Systems Control and Audit and Group – II – Paper – 8 – Indirect Tax Laws of Final Course
Posted: 01 Aug 2013 07:18 PM PDT
UCO BANK, AUDIT & INSPECTION DEPARTMENT, HEAD OFFICE, KOLKATA Last Date for Application Submission by Post- 20.08.2013 NOTIFICATION 1st August, 2013 UCO Bank invites applications from practicing firms of Chartered Accountants within India, in the prescribed format, who are willing to have their...
Posted: 01 Aug 2013 06:46 PM PDT
The enactment suffers from certain lacunae and loopholes of a vital nature. The predominant of all is this: The TDS requirement as mandated has, in terms, application to a case of transfer, ONLY if it is of 'a building or PART OF A BUILDING '. Had, however, the legislative history not been over...
Posted: 31 Jul 2013 07:39 PM PDT
Review of the policy on foreign direct investment-definition of the term "control", for calculation of total foreign investment i.e. direct and indirect foreign investment in Indian companies The Cabinet Committee on Economic Affairs has approved the proposal of the Department of...
Posted: 31 Jul 2013 07:35 PM PDT
Review of Foreign Direct Investment (FDI) caps and routes in various sectors. Cabinet  Decision   The Union Cabinet today approved the proposal for review of Foreign Direct Investment (FDI) caps and routes in various sectors.  The Government has decided to amend the provisions relating to the FDI...
Posted: 31 Jul 2013 07:30 PM PDT
Review of the policy on Foreign Direct Investment (FDI) in Multi-Branded Retail Trading Cabinet Decision The Union Cabinet today approved the proposal for amendment in the existing FDI policy in Multi-Brand Retail Trading (MBRT) in para 6.2.16.5(1) (iii), (iv) and (vi) of 'Circular 1 of 2013...
Posted: 31 Jul 2013 04:08 PM PDT
The Board has noted import data in National Import Data Base which shows that products like Cockroach Traps and Mosquito Repellent, are classified under various Customs tariff headings 3506, 3822, 3808, 3926, 4823, etc. Accordingly, this issue of classification was taken up for discussion and...
Posted: 31 Jul 2013 04:05 PM PDT
Representatives of trade have claimed classification of multifunction speaker system (combination of one or more of the following: Universal Serial Bus (USB) port, USB playback, Frequency Modulation (FM) radio as loudspeakers under heading 8518 based on premise that the principal function is that...
Posted: 31 Jul 2013 12:15 PM PDT
Notification No.81/2013-Customs (N.T.) DATED THE 1st August, 2013             S.O.       (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of...
Posted: 31 Jul 2013 11:35 AM PDT
In continuation of the earlier order No. F.7/T&T/PB/SCTT­(PR/Coordn.)/ dated 24th July, 2013 issued in the said connection, the Government of NCT of Delhi has been pleased to add the names of following Trade Bodies / Associations to make the Delhi Trade Board more representative:
Posted: 30 Jul 2013 08:25 PM PDT
In partial modification of Notification No No.F.7(400)/Policy/VAT/201 1/383-396 (dated 05.07.2013, regarding procedure of offline 'payment of tax, interest and penalty or any other amount due under the Delhi Value Added Tax Act, 2004, and in exercise of the powers conferred under sub rule (2) of...
Posted: 30 Jul 2013 08:21 PM PDT
Notification No. 39/2013 – Customs New Delhi, the   31st July, 2013 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby...
Posted: 30 Jul 2013 08:12 PM PDT
Notification No. 80/2013 – Customs (N. T.) New Delhi, 31th July, 2013 S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do,...

Income Tax Department to accept Returns on Saturday & Sunday i.e. 3rd and 4th August too

Posted: 31 Jul 2013 08:20 PM PDT
In view of extension of due date for filing of return of Income from 31st July, 2013 to 5th August, 2013 vide CBDT's order under section 119 of IT Act in F.No 225/117/2013/ITA.II dated 31 .7.2013,
Posted: 31 Jul 2013 07:59 PM PDT
Alternate minimum tax means the Amount of tax computed on the adjusted total income.AMT is a way collecting the minimum tax from the tax payers. Assessee shall be liable to pay tax on such income at a rate eighteen and one-half per cent (18.5%).It is not an additional tax levied on the taxpayer.
Posted: 31 Jul 2013 07:44 PM PDT
The top three rank holders on all India basis of Chartered Accountants Intermediate (IPC) Examination held in May, 2013 are from Mumbai, Surat, Vuyyuru (Andhra Pradesh) and Vadodara respectively.
Posted: 31 Jul 2013 06:15 AM PDT
Presently the rate of Interest Subvention for credit obtained by exporters is 2%. There has been persistent demand to both increase the rate of subvention and also to widen the coverage. At present, all exporters who are micro and small enterprises, irrespective of the export sector, are...
Posted: 30 Jul 2013 06:43 PM PDT
SEBI has issued a circular CIR/IMD/FIIC/11/2013 dated July 31, 2013 regarding the utilisation period for Government Debt limits. In accordance with the said circular, FIIs/QFIs shall be permitted to utilise the debt limits allocated to them in each monthly auction till the 17th day of the...
Posted: 30 Jul 2013 06:39 PM PDT
In order to prevent unintended benefit under the scheme in cases where growth in exports is more than 25 % or the total incremental growth is Rs. 10 crore or more, RAs would have to be more careful. Their scrutiny of the claim may require, inter alia,
Posted: 30 Jul 2013 11:57 AM PDT
With the introduction of Core Banking Solution (CBS), it is expected that customers of RRBs would be treated uniformly at any sales or service delivery point. It is, however, observed that some RRBs are discriminating against their own customers on the basis of one branch being designated as the...

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